Economy : Page 912

TUI Group underlying EBITA improved 7.2 percent

February 10, 2016 TUI Group reported that the first quarter loss, which is always generated in any financial year due to the seasonal swing in tourism, improved versus financial year 2014/2015.

Industrial sector in Hungary expanding, retail best in 10 years

February 10, 2016 Industrial sector growth of 7.5-8 percent recorded in 2015 may be repeated in 2016, Deputy State Secretary for Domestic Economy Aron Mark Lenner said.

Home Purchase Sentiment Index decreases to 81.5 in January

February 9, 2016 Fannie Mae's Home Purchase Sentiment Index (HPSI) decreased 1.7 points to 81.5 in January, with housing affordability constraints reflected in the downward movement of two of the HPSI components.

Gross investment in Switzerland to grow this year

February 9, 2016 The nominal gross investment in Switzerland is expected to rise in 2016. Last year nominal investment activities increased by approximately 0.8%.

Minister of Finance of Estonia grateful to all tax-payers

February 9, 2016 According to the Ministry of Finance, Estonia received revenues in the amount of 7.98 billion euros, 171.3 million euros more than last year.

Hungarian monthly fiscal data for January 2016 among best in years

February 9, 2016 The central sub system of the state budget closed the month of January 2016 with a surplus of HUF 92.2bn ($331.98 million).

Bulgaria's GDP growth to be 2.2%, then down to 1.5%

February 9, 2016 The European Commission expects for Bulgaria's GDP growth to be 2.2% in 2015, driven mainly by exports and falling oil prices, before dropping to 1.5% in 2016.

Economy picks up in England, Wales at start of 2016

February 9, 2016 Business output growth in the UK showed a lift at the start of the year, with the manufacturing and service sectors jointly seeing the strongest expansion for six months.

Sharpest increase in new business in Ireland for seven months

February 9, 2016 Growth in the Irish construction sector strengthened at the start of 2016, with activity rising at the fastest pace in seven months on the back of an accelerated expansion in new business.

China's oil demand contracts 0.8% year over year in December

February 9, 2016 China's apparent oil demand contracted by 0.8% in December 2015 from a year earlier to 11.35 million barrels per day (b/d).

Spanish industrial production dips in December

February 9, 2016 Spanish industrial production fell by 0.2% month-on-month in December, according to the country's statistics office, INE.

Canada trade gap smallest since July 2015

February 8, 2016 Canada's merchandise trade deficit narrowed to CAD 585 million in December of 2015 from CAD 1.6 billion in the previous month.